Kwara collects N8.8bn IGR in six months

Date: 2016-07-09

The Kwara State Government has collected about N8.8bn as Internally Generated Revenue between January and June.

Executive Chairman, Kwara State Internal Revenue Service, Dr. Muritala Awodun, said in Ilorin on Friday that the N8.8bn surpassed the total IGR the state government generated in 2015.

According to him, the latest development marked a remarkable improvement in IGR collection from the former average monthly of N650m before the agency was set up.

Giving details of the revenue collections, Awodun said KWIRS generated N977m in January; N1.05bn in February; N1.25bn in March; N2.07bn in April; N1.45bn in May and N1.3bn few days before the end of June.

He stated that the agency did not introduce additional revenues but only deployed competent and dedicated staff, modern technology and improved collection process.

Awodun, however, said some defaulting firms and institutions, including financial bodies, had been negotiating and reconciling their financial positions with the state government, adding that they had increased their remittances and payment.

The KWIRS boss said with the drop from N3bn monthly revenue to the state government from the Federation Account, to even less than N1bn, the improved IGR was being used to augment government revenues to a certain level.

He said, "As part of the quest to eliminate multiple taxations, the Kwara State Revenue Administration Law No. 6 of 22 June 2015 has provided for the harmonisation of collections between the state and local governments.

"There is a Joint Revenue Committee, which is made up of chairmen of all the 16 local government and the Executive Chairman, KWIRS as the Chairman of the committee.

"The KWIRS serves as consultant to collect some local government revenues on their behalf. The harmonisation has begun with KWIRS collecting only four out of all 21 legal collections collectible by local governments. Monthly collections are then remitted to each local government area as appropriate."

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Bolakale Saka     Public Holiday     General Hospital, Ilorin     Oluwole Dupe     UTME     Alliance For Democracy     Amos Sayo     SWAN     Kayode Oyin-Zubair     Razak Atunwa     Saadu Gbogbo Iwe     Fola Consultant     Shuaib Jawondo     April 11     BIR     Alfa Yahaya Road     Toun Okewale-Sonaiya     Awoye     Kwara South     Amuda Bembe     Ubandoma Of Ilorin     Elerin Of Adanla     Oniyangi     Tinubu     Ibraheem Adeola Katibi     Otunba Taiwo Joseph     Riskat Opakunle     John Olajide Adedipe     Emir Of Lafiagi     Stephen Fasakin     Gbenga Awoyale     Sadiq Buhari     Abubakar Imam     Neuropsychiatric Hospital     Monkey Pox     Idowu Laro     Adam Abdullahi Al-Ilory     Aasiyat Bello Oyedepo     Simeon Sayomi     Hauwa Nuru     Tafida     Bayo Onimago     Ileloke     Rebecca Olanrewaju     Kazeem Gbolagade     Femi Gbajabiamila     Timothy Olatunde Fadipe     General Tunde Idiagbon International Airport     Shonga Farm Project     Binta Abubakar-Mora     Ramadhan     Arca Santa     Mohammed Haruna     Amina El-Imam     Yahaya Seriki Gambari     Ballah     General Tunde Idiagbon International Airport Ilorin     Yahaya Jibril Usman     Zaratu Umar     Tunde Kazeem     Abdulraheem Olesin     Sulyman Buhari     Lotus Bank     Bankole Omishore     Earlyon Technologies     Gbemisola Saraki     Esinniobiwa Quareeb     Seed Technologies     Javed Khan     Abiodun Musa Aibinu     Funmilayo Oniwa     Wasiu Onidugbe     Abdulkadir Jimoh     Mohammed Saidu     Ebun-Olu Adegboruwa     Abatemi-Usman     Olabode George Towoju    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Abdulrazaq Akorede     Guber Aspirant     Ayinde Oyepitan     Kwara State Polytechnic     Oju Ekun Sarumi     Oni Adebayo     Orisa Bridge     Aso Ofi     Abdulwasiu Bolaji Adeyi     Durbar     Balogun-Ojomu     Salihu Jibril Garbi     Tinubu Legacy Forum     Kola Shittu     Sebastine Obasi     Femtech     Gbenga Olawepo     Funmilayo Oniwa     Kawu Baraje     Ishola Abdullahi     Rihanat Ajia     Yakub Ali-Agan     Sobi FM     Salami Adekunle     Abdulmumini AbdulRazaq     Mahmud Durosinlohun Atiku     Standard Organization Of Nigeria     JUSUN     YAKOOYO     Razaq Ayobami Akanbi     Pakata Development Association     Muslim Stakeholders Of Kwara State     BIR     Titus Suberu-Ajibola     Mohammed Kamaludeen     TETFUND     Amos Sayo     Alagbado     General Hospital     Gurei     Taofeek Ibraheem     Baba Idris     Idris Garuba     UTME     Ahmed Idris Mohammed     Tinubu     Dan Iya     Mahmud Babatunde Baker     NURTW     Mumini Ishola Hanafi     Omotoso Musa     Mansurat Amuda-Kannike     SSA Youth Engagement     Niyi Osundare     Computer Based Test     Saeedat Aliyu     Oko     Hassan Oyeleke     Kwara TV     Joana Nnazua Kolo     Musa Yeketi     Coalition Of Kwara North Groups     Unilorin     Ishaq Oloyede     Facebook     Halimah Perogi     Oloruntoyosi Thomas     Samuel Adedoyin     Awwal Jawondo     Hassan A. Saliu     Frootify     Simeon Sayomi     Abubakar B.M     Abubakar Imam     Yoruba     Emir Of Yashikira     Ahmad Belgore